Cook County Announces Property Tax Relief for County Property Owners
On May 13, Cook County Board President Toni Preckwinkle announced plans to waive late fees on property tax payments.
Under the proposed ordinance, interest penalties for late payments of the second installment of property taxes, which are normally due August 3, will now be postponed until October 1.
Any payments made on or before October 1 for property tax second installments will be considered filed and paid on time by Cook County Treasurer Maria Pappas. Under state law, late property tax payments are charged 1.5 percent of the total property taxes owed per month, which is collected by the Cook County Treasurer.
For more information, read Cook County Board President Preckwinkle's press release.